Sat.Feb 15, 2025 - Fri.Feb 21, 2025

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How Mike Habib, EA Can Help Los Angeles Business Taxpayers Resolve EDD Employment Payroll Tax Controversies

MyIRSRelief

Running a business in Los Angeles comes with its fair share of challenges, and one of the most daunting can be navigating the complexities of Californias Employment Development Department (EDD) payroll tax requirements. For business taxpayers facing EDD employment payroll tax controversies, the stakes are high. Unpaid back taxes, EDD audits, penalties, and unresolved tax issues can lead to financial strain, legal complications, and even the risk of business closure.

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A Founder’s Guide to Building a Biotech Dream Team

BurklandAssociates

Strategies and best practices to help your biotech startup attract top talent, build a strong team, and drive innovation for long-term success. The post A Founders Guide to Building a Biotech Dream Team appeared first on Burkland.

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Tax Treatment of Intangible Assets

RogerRossmeisl

Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in todays businesses. The tax treatment of these assets can be complex, but businesses need to understand the issues involved. Here are some answers to frequently asked questions. What are intangible assets? The term intangibles covers many items. Determining whether an acquired or created asset or benefit is intangible isnt always easy.

Tax 165
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IRS lays off thousands of employees during tax season

Accounting Today

The threatened layoffs of Internal Revenue Service employees appeared to be underway Thursday, with estimates of between 6,000 and 7,000 employees being laid off at the agency in the middle of tax-filing season.

Tax 110
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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FinCEN: New BOI Reporting Deadline is March 21

CPA Practice

The beneficial ownership reporting roller coaster that has been ongoing for the past two months because of various lawsuits is finally pulling into the station after a federal district court in Texas on Feb. 17 lifted the final nationwide injunctionthat had put the mandatory small business filings on hold since last December.

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Acterys: Setting the Record Straight on Smart Write-back & Planning Solutions

Acterys

At Acterys, we believe in fair competition, and we welcome comparisons that allow potential clients to make informed decisions. However, when competitors resort to spreading misinformation and misleading claims, its essential to address these inaccuracies head-on. Recently, we’ve encountered false narratives about our solution from some competitors.

More Trending

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Court lifts injunction on Corporate Transparency Act

Accounting Today

A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act and its reporting requirement.

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Accounts Receivable Automation: The Complete Guide

Ryan Lazanis

Save time and effort with accounts receivable automation - the powerful solution to automate a manual accounting process. Learn more here! The post Accounts Receivable Automation: The Complete Guide appeared first on Future Firm.

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Should You Use Your Tax Refund to Pay Off Debt?

CPA Practice

A refund has the potential to make a serious dent. The average refund amount in 2024 was $3,138, according to the IRS. But is paying down debt the best way to spend that money?

Tax 103
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Savings Bonds and Taxes: What You Need to Know

RogerRossmeisl

When considering the advantages of U.S. Treasury savings bonds, you may appreciate their relative safety, simplicity and government backing. However, like all interest-bearing investments, savings bonds come with tax implications that are important to understand. Deferred interest Series EE Bonds dated May 2005 and after earn a fixed rate of interest.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Inside Form 6765 for the R&D Credit

Accounting Today

Major changes are afoot for companies that want to claim the research tax credit.

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Realizing It’s a Losing Fight, TPTB Are Caving on 150 Hours

Going Concern

Announced February 13 , the AICPA and NASBA are giving up the quixotic fight to maintain 150 hours of education as the sole standard across CPA jurisdictions and are now “advancing model legislative language that enables an additional path to CPA licensure.” As has already been made law in Ohio recently , the alternate pathway option doesn’t eliminate 150 hours entirely, rather gives aspiring CPAs another option.

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DOGE Claims It’s Saved $55 Billion, But Data Shows Far Less

CPA Practice

The federal cost-cutting effort dubbed the Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.

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5 Steps to Protect Your Business from Unexpected Accounting Disruptions

AccountingDepartment

Accounting disruptions can strike without warning. Whether its a provider suddenly shutting down, platform glitches, or other unforeseen issues, these disruptions can leave your business scrambling. With cases like the sudden closure of Bench, which left businesses without their books, its more apparent than ever that entrepreneurs and business owners need a plan to safeguard their financial processes.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Accounting profs adapt to AI amid cheating concerns

Accounting Today

The rise of generative AI has led to AI-guided cheating, and accounting educators are seeing it in their own classrooms.

Account 69
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Preparing for Your First Financial Audit: A Checklist for Startups

Shay CPA

Growing a startup comes with a potentially heady mix of near-endless opportunities surrounded by countless pitfalls. While the freedom that comes with scaling up the business is exciting, sometimes its nice to know youre on the right track as verified by outside sources. Enter: a financial audit. This tool gives you a way to validate that your company is following proper accounting practices and that your books are accurate.

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UHY Partners with Acumatica to Help Clients Streamline Workflows

CPA Practice

The top 30 accounting firm is collaborating with Acumatica to deliver advanced cloud ERP solutions designed to streamline finance, accounting, and back-office processes for clients.

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The Future of Automotive Retail: Insights From the 2024 AICPA Dealership Conference

Withum

For automotive accountants and CFOs, the AICPA Dealership Conference is the ultimate destination to connect with industry contacts, clients, and fellow accounting firms to discuss the latest hot topics and trends for the current and upcoming year. We at Withum look forward to attending year after year and highly recommend this event to our clients, banking partners, and other accounting firms.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Priorities for CFOs in 2025

Accounting Today

Financial leaders are looking forward to the new opportunities that 2025 will bring, while keeping an eye on potential risks that may carry over from 2024.

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The Double-Sided Coin: Is the Grass Greener with QuickBooks?

SchoolofBookkeeping

Introduction Welcome to another lively Workshop Wednesday where we engage in casual conversations about serious workflows. This week, we're diving into the pros and cons of using QuickBooks. QuickBooks and the Accountant Community Since the mid-2010s, QuickBooks has been a cornerstone for accountants, thanks to its robust features and comprehensive support network.

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Should You Report Cryptocurrency on FATCA Form 8938?

CPA Practice

As it has become a more common asset among your average investors, these folks have had many questions about the tax implications of investing incryptocurrency, or virtual currency, as it is also known. The answers can be somewhat complicated.

Tax 90
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Key Points from The Housing Opportunity Through Modernization Act of 2016

Withum

The Housing Opportunity Through Modernization Act (HOTMA) was signed into law on July 29, 2016, amending many aspects of multifamily housing programs (as well as programs administered through the Offices of Public and Indian Housing and Community Planning and Development). The U.S. Department of Housing and Urban Development (HUD) did this in the interest of aligning its requirements across its programs or because the underlying program statute required HUD to make the revisions.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Virginia adds path to CPA licensure

Accounting Today

Virginia, Pennsylvania and Minnesota made headway in adding alternative pathways to CPA licensure.

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BOI Reports Now Due by March 21, 2025

Dent Moses

A recent court ruling means businesses must file their Beneficial Ownership Information (BOI) reports under the Corporate Transparency Act (CTA). New Deadlines: Most businesses must file by March 21, 2025 , if you have not already filed. New businesses (formed on or after Feb. 18, 2025) must file within 30 days of creation. Businesses with disaster relief extensions should follow those specific deadlines.

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IRS Sets Stage for Musk Adviser to Access Taxpayer Data

CPA Practice

TheIRSis poised to hand over unlimited access to taxpayer data to an adviser from Elon Musks government efficiency group, according to a draft agreement between the tax agency and the Office of Personnel Management.

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Using Estimates to Calculate Damages

FraudFiles

Tracy talks about how experts use estimates when they calculate economic damages. Are you speculating or guessing? Or do you have a reasonable basis for your numbers?

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AP Automation: The Competitive Advantage Your Business Needs

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

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Citrin Cooperman buys HW&Co.

Accounting Today

The Top 25 Firm has acquired a Regional Leader, its first acquisition since Citrin's private equity backer changed from New Mountain Capital to Blackstone.

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Common COGS Misconceptions Related To Construction

Randal DeHart

If you've been a long-time reader or a contracting company owner, you've probably heard about " Cost of Goods Sold " (COGS). But what does it really mean, and why is it crucial for your construction business's success? Understanding COGS isn't just about accountingit's about making smart decisions for profitability, pricing, and more. 1. What is the Cost of Goods Sold (COGS)?

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U.S. Retail Sales Drop by Most in 2 Years in January

CPA Practice

The value of retail purchases, not adjusted for inflation, decreased 0.9% after an upwardly revised 0.7% gain in December, Commerce Department data showed Friday.

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Improving Work-Life Balance Firm-Wide During Busy Season

Canopy Accounting

Traditionally, busy season in the accounting industry has been a time to cancel all personal plans, batten down the hatches, and grind through overtime until your family barely recognizes you, but with the right technology, guardrails, and strategic planning, it doesnt have to be.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.